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LEAF Commercial Capital Inc. (LEAF) has announced that Moody's has upgraded five securities and affirmed 16 others from the LEAF Receivables Funding LLC, Series 2012-1, 2013-1 and 2015-1. The transactions are securitizations of small-ticket equipment leases serviced by LEAF. The securities being upgraded included Classes E-1 and E-2 from 2012-1 and Classes D, E-1 and E-2 from 2013-1. The ratings of all other Classes in the aforementioned securitizations were affirmed.

"LEAF Commercial Capital is pleased with Moody's decision to upgrade five securities from the LEAF ABS program," said Matthew Goldenberg, senior vice president and treasurer, LEAF. "It is validation of our strong and consistent portfolio performance and demonstrates our commitment to our investors."